UK Parliament / Open data

Dormant Bank and Building Society Accounts Bill [HL]

Perhaps the Minister could look at one charity which is very much involved with the young and with deprived and vulnerable people. It distributes about £50 million a year, which is a not inconsiderable sum. I refer to the Gatsby Trust—a charity in which the noble Lord, Lord Sainsbury of Turville, has a direct interest. I have not looked at the accounts for quite a while and so do not want to be held either to the figure of £50 million a year or to the distribution costs, which I think are 4.3 per cent. A little consultation with the noble Lord, Lord Sainsbury, might be helpful in thinking about how to take what at the beginning is a relatively modest amount of money each year and distribute it nationally in the most efficient and effective way.
Type
Proceeding contribution
Reference
697 c472GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
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